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MICRO
CREDIT SCHEMES (MCS)
Our Efforts
NIRPHAD attempts to provide skill development for income generation
by training women in entrepreneurship.
Sewing; Hand Printing; Stone Carving; Carpet
Weaving;Food preservation –
jams, pickles, grocery stores & beauty parlors
Financial assistance to buy cattle, seeds, and buffalo carts is also
arranged. Recently, one SHG was provided a tube well for water management/
irrigation.
NIRPHAD accomplishments in 2007-2008
NIRPHAD has achieved training and a better livelihood
to:
1475 Women in Sewing; 156 Women in Hand printing;
90 Women in Stone Carving; 100 Women
in Carpet Weaving; 156 Women in House hold tasks; 25
women in Candle making; 150 women in making
Card Board Boxes; 200 women in Poshak (making
dresses) with small profits; enhanced confidence and self image.
NIRPHAD strives to enable target groups to become
self reliant and part of the national mainstream of development.
- Bank credit at 10% interest was
available through the Government Integrated Rural Development Schemes.
Collateral loans were provided for agriculture and animal husbandry
development & free specialized animal care through the Mathura
Veterinary University.
- Arranging short term bank loans at 4-10%
interest was a major break through in breaking the evil nexus
between the usurious money lenders. The compound
interest was too high for the poor to repay their debts and pushed
them to a life- time of bonded labour-which extended to several generations.
Abolition of bonded labour by a Parliamentary Act has discouraged
this evil practice.
- ICT information from the
banks on the assets of the smallest farmer, encouraged refund of loans
by defaulters, which enabled setting up (during 70’s-80’s)
loans in:
- agriculture Rs. 45,00,000
- animal husbandry Rs. 27,00,000
- Rs.13,00,000 for cottage industries.
100% repayment with no defaulters was due to good training
and high motivational techniques during training. Only one defaulter
of Rs. 70,000 to the Kashinath Bank, was able to repay in small, convenient
repayment schedules.
NIRPHAD required a legal Agreement for collaboration for interventions
with the recipients for 25% contribution in cash and kind .
- Bank loans payment Normally the farmers have a mind-set
that Government loans need not be repaid.
The community was motivated to understand that wealth and security
of funds in a democracy are through the banking system and repaying
loans is an essential part of character building and development.
When loans are repaid the Banks can loan subsequently to other farmers,
thus a domino effect which enables Banks to develop and enlarge a
viable mechanism of loans.
Total savings of SHGs Rs.
= 38,93,767.00
Total SHG Members = 1746. Credit
= 7,85,000.00
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